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Who are you quoting? Bankrate.com does what for a living?
Would you go ask a car salesman, if his cars are good? I wouldn't.
My parents bought their house in 1993 when interest rate was exactly at 8%, houses were cheap, real cheap, but few can afford them. People were making less money than they do today, but not by a lot less.
Bottom line is, interest rate has a direct impact on housing values.
Bankrate didn't write the article lol and they don't sell cars or mortgages but that doesn't really play into a potential biased you might be attempting to imply. My parents had mortgage rates in the mid to high teens too I believe. A doubling of rates quickly would be bad but over time those rate rises if moderate would coincide with growing economic conditions
The truth comes out. This guy inherited most of his money.
Two weeks after the story was published, a former Navy colleague of Ivanov’s, who asked to remain anonymous, sent us a copy of a confession Ivanov posted on Facebook on Nov. 12. In his confession, Ivanov said he lied to Yahoo Finance about the source of his wealth. In the post, he said he “got tired of telling people lies” and he thought it was the “right thing to do.”
On Monday, Ivanov admitted to Yahoo Finance that 75%-80% of his wealth consists of an inheritance that was left to him by his parents, who died several years ago. He would not specify the exact dollar amount nor the year his parents died. But he also said that one of the two properties he owns, which he said is valued at more than $600,000, is also part of that inheritance.
Two weeks after the story was published, a former Navy colleague of Ivanov’s, who asked to remain anonymous, sent us a copy of a confession Ivanov posted on Facebook on Nov. 12. In his confession, Ivanov said he lied to Yahoo Finance about the source of his wealth. In the post, he said he “got tired of telling people lies” and he thought it was the “right thing to do.”
On Monday, Ivanov admitted to Yahoo Finance that 75%-80% of his wealth consists of an inheritance that was left to him by his parents, who died several years ago. He would not specify the exact dollar amount nor the year his parents died. But he also said that one of the two properties he owns, which he said is valued at more than $600,000, is also part of that inheritance.
I had suspicions when I originally read this article on Yahoo. The guy in the article is disgusting for tainting his deceased parents who actually set him up very nice in life. There were red flags like when he said he put 10k into a roth ira at 18. Or when he said he was making 55k in the military at age 19....on top of having living expenses paid. Still good habits, but his credibility and character are shot..
It's unfortunate because it adds fuel to the fire for the naysayers, but the truth is paramount.
NO. If you need to lie to prove a point or get some agenda advanced that the important thing.................lol.
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